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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: spy hard who wrote (13771)	3/26/1999 12:11:00 PM
From: Byter	Read Replies (1) \| Respond to of 25711

CYSS - News out - FYI.................... March 26, 1999 11:29 Crys-Tel Telecommunications.com and TeleMatrix Announce Internet Telephony Network Interconnection VANCOUVER, British Columbia--(BUSINESS WIRE)--March 26, 1999--Cyrs-Tel(OTC Bulletin Board:CYSS) Crys-Tel Telecommunications.com, Inc (OTC-BB-CYSS) and TeleMatrix announced today an agreement to interconnect and share traffic between their Internet Telephony networks. TeleMatrix is the largest IP Telephony carrier in Asia with 37 access points in Japan, 3 in China, 3 in U.S. and one each in Korea, Taiwan, Hong Kong, and France. Crys-Tel is a leading International Internet Telephony service provider with two network access points in Canada and 3 in Italy, and plans to deploy 200 worldwide within the next 24 months. Since both Crys-Tel and TeleMatrix use Nokia (NYSE:NOK.A) IP Telephony equipment throughout their domestic and international networks, this new alliance will enable Crys-Tel and TeleMatrix to pass traffic seamlessly between each network. The companies' peering relationship provides both organizations with an expanded footprint and a larger worldwide network for both customers of Crys-Tel and TeleMatrix. "With the substantial portion of our Asia network deployed on schedule we are now targeting other particular international destinations," said David Kleiman, vice president, North American Operations, TeleMatrix. "Our relationship with Crys-Tel provides us each with an entry to new markets, through cooperative interconnection and operating agreements." "Using strategic alliances to expand our IP Telephony network amplifies the reach of our IP long distance service," said Mr. Edward Yau, President of Crys-Tel Telecommunications. "This alliance expands the Crys-Tel Calling footprint into Asia and the biggest winners in this agreement are the customers of both companies who gain a global calling area that still has the savings associated with IP."